Hong Kong, Shanghai Sign Agreement to Deepen Links
Two Chinese financial hubs will look to further financial linkages after signing the latest agreement at a major forum in the mainland.
Hong Kong and Shanghai signed the «Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centers», according to a press release issued by the Hong Kong government. The agreement was inked at the 2025 Lujiazui Forum in Shanghai – a major financial event designed as a high-level dialogue platform for government officials, industry leaders and more.
The action plans cover six areas and 38 measures that include deepening interconnectivity between the mainland and Hong Kong financial markets; enhancing the linkage and cooperation of their two capital markets; supporting eligible Shanghai enterprises to list and raise funds in Hong Kong; and strengthening collaboration in areas such as commodity trading, reinsurance, green finance and fintech.
In a speech by Hong Kong financial secretary Paul Chan, he highlighted three specific areas of focus. New measures to deepen financial interconnectivity, support for mainland enterprises to go global and promotion of standard alignment and financial innovation.
